Adient price target raised to $14 from $13 at Wells Fargo

Wells Fargo raised the firm’s price target on Adient (ADNT) to $14 from $13 and keeps an Equal Weight rating on the shares. The firm notes shares traded down despite a Q2 beat and holding guide. EMEA margins positively surprised, Wells adds, also noting that FY25 still looks like a placeholder year for 2026 where one should see EU restrux progress and $1B in China win start to hit.